Mora, Minnesota Lender Lends Money to Cable And Other Pay Television Services Company

Get to know Mora, Minnesota banks that specialize in small business loans and know how to work with entrepreneurs. Peoples National Bank Of Mora is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Grasston, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Peoples National Bank Of Mora. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CABLE AND OTHER PAY TELEVISION SERVICES
GRASSTON, MN 55030

SBA Loan Lender

PEOPLES NATIONAL BANK OF MORA
45 N UNION ST
MORA, MN 55051

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4841 - Cable and Other Pay Television Services

NAICS Code

513210 - Cable Networks

Loan Approval Date

2/20/2003

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, things become real when you believe you can achieve them!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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